What the fuck were you thinking, Scott Bessent?! You’ve destroyed your reputation in six weeks! Six fucking weeks! LOL, motherfucker!
Top Trump Official So Freaked Out by Tariffs, He Wants to Quit | The New Republic
https://newrepublic.com/post/193634/donald-trump-treasury-scott-bessent-tariffs-quit
Secretary of #Gaslighting, er, #Treasury #Bessent says the #TrumpCrash that’s destroyed $6.4T in investments in 2days is just a “Magnificent 7” (AAPL, GOOG, MSFT, AMZN, META, NVDA, TSLA) problem.
ORLY? Then explain the bloodbath in the other 493 #SP500 stocks.
https://finance.yahoo.com/news/treasurys-bessent-market-drop-mag-185141328.html
“While the #Treasurymarket and the #USdollar have so far held up relatively well, further reductions in countries’ #US #debt holdings could push #Treasury #yields higher, weaken the #dollar, and threaten the stability of the #international #financialsystem” www.project-syndicate.org/commentary/i...
Will the World Keep Buying US ...
That ofcl, #GaryShapley, was recently appointed to dpty chief of the #IRS’s #criminal division & to an “unprecedented” senior advisory role at the #Treasury Dept, he wrote to colleagues in a recent email…— giving #political appointees a direct line to #tax investigations for the first time since #Nixon.
#Trump’s WH budget office has sought to understand the potential cost to maintain #Greenland if it were acquired…. They are also attempting to estimate what #revenue the #US #Treasury could gain from Greenland’s #NaturalResources.
…Trump has said repeatedly that the US will “get” Greenland.
“100%,” he told NBC News on Sat. Asked whether it would involve #force, he said that there is a “good possibility that we could do it without #military force” but that “I don’t take anything off the table.”
Anybody else see the "Maralago Accords " as extortion on a global scale??
*in a NY mafioso accent:
"Oh, ya wanna do bidness with the US?? You're gonna need to pay for protection"
Judge Amy Berman Jackson in the National #Treasury Employees v. #RussVought (acting director of CFPB) ruled that the attempt to dismantle #CFPB is likely unlawful, & the recent claims by the #Trump admin that the agency was still performing its statutorily mandated duties was "nothing more than window dressing."
As such she ordered a preliminary injunction.
#law #ConsumerProtection #AbuseOfPower #Trump
https://ecf.dcd.uscourts.gov/cgi-bin/show_public_doc?2025cv0381-87
![In sum, the Court cannot look away or the CFPB will be dissolved and dismantled completely in approximately thirty days, well before this lawsuit has come to its conclusion. For all of the reasons set forth above, the Court will GRANT [Dkt. # 10] plaintiffs' motion and issue a preliminary injunction that maintains the agency's existence until this case has been resolved on the merits, reinstating and preserving the agency's contracts, work force, data, and operational capacity, and protecting and facilitating the employees' ability to perform statutorily required activities. The Court is aware of the modifications the plaintiffs have made to their proposed order, as well as the objections lodged by the defendants to previous iterations of the proposed order, and it is mindful that its order must be sufficiently specific to be enforceable, while also broad enough to afford the agency and its leadership the discretion they are accorded under the statute when carrying out their regulatory, enforcement, and supervisory responsibilities.](https://s3.masto.ai/media_attachments/files/114/242/098/939/614/022/original/6844bc004d4f87fa.png "In sum, the Court cannot look away or the CFPB will be dissolved and dismantled completely in approximately thirty days, well before this lawsuit has come to its conclusion. For all of the reasons set forth above, the Court will GRANT [Dkt. # 10] plaintiffs' motion and issue a preliminary injunction that maintains the agency's existence until this case has been resolved on the merits, reinstating and preserving the agency's contracts, work force, data, and operational capacity, and protecting and facilitating the employees' ability to perform statutorily required activities. The Court is aware of the modifications the plaintiffs have made to their proposed order, as well as the objections lodged by the defendants to previous iterations of the proposed order, and it is mindful that its order must be sufficiently specific to be enforceable, while also broad enough to afford the agency and its leadership the discretion they are accorded under the statute when carrying out their regulatory, enforcement, and supervisory responsibilities.")
#Treasury Secy #ScottBessent has been spearheading negotiations on the mineral deal. In an interview…, he said the #US had "passed along a completed document for the economic partnership….”
#Trump has said a #minerals deal will help secure a peace agreement by giving the United States a financial stake in Ukraine's future. He also sees it as America's way of earning back…[the #aid] it has given to #Ukraine…. Most of the aid funds were spent in the US.
Inside DOGE’s Plan to Invade the Treasury—and Throttle USAID
Court filings show that from the earliest days of the 2nd #Trump administration, Elon Musk’s DOGE had a plan to infiltrate US Treasury payment systems—and turn them against USAID.
https://www.wired.com/story/elon-musk-doge-plan-treasury-usaid/
"reveal the extent of #DOGE penetration into the most sensitive systems at the #Treasury...
this access was in service of the admn’s plans to target #USAID."
"Treasury Department is set to lay off a ‘substantial’ number of employees, official says.'
“These plans will be tailored for each bureau, and in many cases will require separations of substantial numbers of employees through reductions in force (RIFs).'
The federal govt is being ransacked for #privatization. If Musk's DOGE isn't stopped soon, the damage may be permanent.
#Resist #Treasury #DOGE #Musk #Coup #USPol
https://www.cnbc.com/2025/03/26/treasury-department-is-set-to-lay-off-a-substantial-number-of-employees-official-says.html
Judge Rips Elon Musk’s DOGE for Seizing Americans’ Personal Data
A federal judge has blocked DOGE from getting even more access to #Americans’ sensitive personal #data.
https://newrepublic.com/post/193084/judge-blocks-elon-musk-doge-personal-data
"Judge Deborah Boardman... ruled that Elon Musk’s #DOGE has no legal right to the personal #information of American citizens held at the Dept of #Education, the Office of Personnel Management, and the #Treasury Dept...
referred to the Privacy Act of 1974"
Federal Judge Deborah L. Boardman has blocked #DOGE / #OPM from accessing large swathes of data at the Depts of #Education & #Treasury, ruling that DOGE has no right under the #Privacy Act to unjustified access to large-scale amounts of personal identifying information.
#law #USpol #Trump #Musk #InfoSec
https://storage.courtlistener.com/recap/gov.uscourts.mdd.576070/gov.uscourts.mdd.576070.68.0_1.pdf
"I hate #vibes-based reasoning, because of the kind of thinking that it elevates. It elevates the comms spad over the #macroeconomist, the reader-of-headlines over the #modeller, the use of a finger in the air over a solid think about the vast, hard-to-move #economy."
https://freethinkecon.wordpress.com/2025/02/28/against-vibes-based-economic-prognosticating/
#criticalthinking
#experts
#economy
#UKeconomy
#datainterpretation
#factsmatter
#UKpol
#treasury
#bankofengland
#doomloop
#doomscrolling
U.S. #Treasury removed sanctions against the #crypto mixer service #Tornado #Cash
https://securityaffairs.com/175718/laws-and-regulations/u-s-treasury-removed-sanctions-tornado-cash.html
#securityaffairs #hacking
…The wrinkle in the effort is the #DebtCeiling, which limits how much the government can borrow. Faced with this roadblock, the #Treasury is using cash from its account at the #Fed to pay bills, which is adding liquidity into the system. When the #debt ceiling is raised, assuming that happens, the Treasury will likely seek to rebuild its account, which will take liquidity back out of the system.
US #CentralBank holds #InterestRates steady
#TheFed said it will slow the pace of the drawdown of its balance sheet, as it faces challenges in assessing #market liquidity….
Stmnt: "The Cmte will continue reducing its holdings of #Treasury #securities & agency #debt & #mortgage‑backed securities. Beginning in April, the Cmte will slow the pace of decline of its securities holdings by reducing the monthly redemption cap on Treasury securities from $25B to $5B."
#economy
https://www.reuters.com/world/us/fed-meeting-live-us-stocks-open-higher-investors-eye-rate-decision-2025-03-19/
The potential to more than double the scope of #Trump’s #tariffs has alarmed economists & some congressional #Republicans, while other WH allies are concerned about the logistical challenges of a complicated new #import #tax regime. The precise nature of these new duties has spurred extensive discussions at the highest levels of the admin, w/VP #JDVance, #Commerce Secy #HowardLutnick, WH aide #PeterNavarro & #Treasury Secy #ScottBessent all playing a role in the talks….
